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Volume 37 No 7
Issued
01 Aug 2025

Tax information bulletin - August 2025

New legislation

  • Taxation (Budget Measures) Act 2025 commentary

Operational statements

  • OS 25/04: The Commissioner of Inland Revenue’s search powers
  • OS 25/05: Section 17B Notices

Question we've been asked

  • QB 25/17: Income tax: Can I claim a deduction for expenses I incur on repairing a recently acquired capital asset?

Case summaries

  • CSUM 25/10: Risk of double recovery due to potential enforcement action by Inland Revenue does not prevent profit forfeiture orders under proceeds of crime regime
  • CSUM 25/11: Risk of double recovery due to potential enforcement action by Inland Revenue does not prevent profit forfeiture orders under proceeds of crime regime

Technical decision summaries

  • TDS 25/15: GST – input tax deductions, grants, omitted sale
  • TDS 25/16: Charitable trust – transfer of assets